Source: US Dept. of Treasury End of Day
• Yields finished the week higher with the two-year Treasury note rising by seven basis points to 4.87% while the five-year note increased by five basis points to 4.26%
• Market participants and policy makers will pay close attention to the February jobs report set for release on Friday where economists are predicting an advance in non-farm payrolls of 215k as well as a downward revision to last month's blockbuster report of 517k to 443k
• The hard and soft data on the labor market are exhibiting some conflicting views as the hard data, which is more backward looking shows a tighter labor market while soft data points such as private recruiting new job listings are dropping sharply, suggesting that there is more slack in the labor market than otherwise depicted by the most recent jobs report and JOLTS data
• Federal Reserve Chair Jerome Powell will testify in front of lawmakers this week where he is expected to emphasize the downside risks of failing to stabilize price levels as he continues to build the case for ongoing policy tightening
